Dow Jones futures advanced, while other major stock indexes extended gains as Wall Street reacted to a jobs report from the Labor Department on Friday. The electric vehicle giant showed more strength You’re here (TSLA), which continued to climb on the stock market today.
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Nasdaq, S&P 500 hit record highs; ASML, Tencent Music, Agnico-Eagle Mines in the spotlight
Before the session began, futures for the Dow Jones Industrial Average were up 0.1% from fair value. Futures for the S&P 500 edged higher, while the tech-heavy Nasdaq 100 was up 0.1% in premarket trading.
The yield on the 10-year Treasury note fell to 4.33% Friday morning. Oil prices paused, with West Texas Intermediate futures trading around $83.90 a barrel.
Among exchange traded fundsInvesco QQQ Trust (QQQ) and the SPDR S&P 500 ETF (TO SPY) both were slightly higher before the opening.
Stock Market Today: Tesla, Jobs Report
Tesla shares rose nearly 2% before the open Friday, on track to extend its winning streak to eight sessions. This week, Tesla has surged more than 24%, closing well above the 200-day long-term line.
The Labor Department’s June employment report showed that the U.S. economy added 206,000 jobs in June, down from 272,000 in May. The U.S. economy had been expected to add 189,000 jobs. The unemployment rate edged up to 4.1 percent, above the 4 percent estimate.
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Dow Jones falls slightly
On Wednesday, the Dow Jones Industrial Average fell less than 0.1%. The S&P 500 gained 0.5%, while the tech-heavy Nasdaq Composite climbed 0.9%. Both indexes hit new highs.
Investor’s Business Daily’s “Big Picture” Column commented: “The S&P 500 is up 14.5% in the first six months of the year, nearly identical to the index’s gains in the same period last year. In 2023, it’s up 15.9% in the first half of the year. Historically, that’s a good sign for the rest of the year.”
During the IBD Live show on WednesdayThe IBD Live team discussed current trading conditions and how investors should handle the stock market today.
It’s the perfect time to read The “Big Picture” column amidst the ongoing stock market action. Also be sure to read how to adapt to changing market conditions, with New levels of exposure to MII.
Learn How to Time the Stock Market with IBD’s ETF Market Strategy
Stock Market Today: Top Stocks to Watch
Burlington Stores (BURL), Carvana (CVNA) And Meta-platforms (META) — plus the components of the Dow Jones Amazon (AMZN), Apple (AAPL) JPMorgan Chase (JPM) And Microsoft (MSFT) — are among the best companies to watch on the Stock market today.
There were no new names on IBD Market Surge “Breaking Out Today” list, but InterDigital (IDCC) is a recent breakout beyond a 119.10 buy point in a cup with handle.
Check MarketSurge “Near Pivot” List for stocks near buy points in the bases. For more stock ideas, check out IBD Stock Lists as MII 50, Large cap 20 And Stocks near buy zone.
Get real-time buy and sell alerts on stock market leaders with IBD Leaderboard
Dow Jones: JPMorgan makes a breakthrough
Among the Dow stocks to watch is banking giant JPMorgan. Shares are above a flat base of 205.88, according to MarketSurge Pattern Recognition. JPMorgan was on Monday IBD Action of the Day. Shares gained 0.1% in early trading.
Outside of the Dow Jones Index, Burlington Stores was inactive in premarket trading. As of Wednesday’s close, it was in a buy range above a 232.69-basis cup entry point. Carvana is still below a 129-basis cup buy point despite Wednesday’s rally. Carvana shares were flat Friday morning.
And Meta-stock tries to exceed 514.01 buy points in a cup base with handle, but remains below this entry. The Facebook and Instagram parent is a IBD Stock RankingsMeta shares gained 0.2% before the close on Friday.
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Stock market today: companies to watch
Here are four stocks that are in or near buy zones in today’s stock market.
| Company Name | Symbol | Correct purchase point | Type of point of purchase |
|---|---|---|---|
| Carvana | (CVNA) | 129 | Cup base |
| Domino’s | (DPZ) | 542.75 | Flat base |
| Meta-platforms | (META) | 514.01 | Flat base |
| Amazon | (AMZN) | 191.70 | Flat base |
Source: IBD data as of June 27, 2024
Join IBD experts as they analyze the top stocks in the stock market today on IBD Live
The Seven Magnificent Actions: Nvidia
Among the seven magnificent actions, Nvidia (NVDA) fell 0.8% in pre-market trading today.
Nvidia shares rose 4.6% Wednesday, hitting their highest level since June 21. Shares remain well above a split-adjusted alternative buy point at 97.40. The artificial intelligence leader is also a IBD Rankings action.
Dow Jones leaders: Amazon, Apple, Microsoft
Among Dow Jones Components In The Magnificent Seven, Amazon, Apple and Microsoft were muted ahead of Friday’s press conference. stock market opening.
Amazon is well above the 191.70 buy point in a stable base after a recent breakout move. Amazon shares were up 0.3% before the market open Friday.
Apple shares rose 0.6% Wednesday, hitting all-time highs. Shares are extended above the 199.62 buy point. Apple was down early Friday.
Microsoft shares gained 0.3% on Wednesday, breaking above a buy point of 430.82 points and hitting new highs. And early Friday, the stock fell slightly.
Be sure to follow Scott Lehtonen on X, formerly known as Twitter, at @IBD_SLehtonen to learn more about growth stocks, the Dow Jones Industrial Average, and today’s stock market.
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